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The Economic Development and Growth Engine of Memphis and Shelby County tweaked the tax incentives for an expanding trucking company.

The payment-in-lieu-of-tax incentive, or PILOT, awarded to North Carolina-based less-than-truckload carrier Old Dominion Freight Line Inc. last year had to be adjusted after the company said it would create fewer jobs in the ramp-up period but increase capital spending and wages.

The Economic Development Growth Engine of Memphis and Shelby County tweaked the tax incentives for an expanding trucking company.

The payment-in-lieu-of-taxes incentive, or PILOT, awarded to North Carolina-based less-than-truckload carrier Old Dominion Freight Line Inc. last year had to be adjusted after the company said it would create fewer jobs in the ramp-up period but increase capital spending and wages.

If the Memphis and Shelby County Port Commission can win a sizeable grant from the federal government, work to build railroad capacity on Presidents Island – which would eventually allow for the future development of up to 1,500 acres there – could begin in August.

If the Memphis and Shelby County Port Commission can win a sizeable grant from the federal government, work to build railroad capacity on Presidents Island – which would eventually allow for the future development of up to 1,500 acres there – could begin in August.